The Associated Press' Economic Stress Index declined from 10.3 to 10 from August to September, and reaching the lowest point since May 2009. The index is a combination of the rates of unemployment, foreclosure and bankruptcies in counties across the country. Anything above 11 is said to represent economic stress.
The report found that roughly one-third of counties across the country were above that mark in September, down from 40 percent the month before. That resurgent economy could allow many people the financial flexibilty for the relocation they may have been considering.
The analysis found that the state with the lowest economic stress continued to be North Dakota, with a score of just 3.75. Nevada scored the highest with a state-wide stress index reading of 21.93.
Home prices aren't expected to sharply increase in the near future. The recent Case-Shiller home price index showed that home price appreciation had slowed, and that levels appeared to be stabilizing rather than growing.
More News